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Jobless Growth: the Impact of Structural Changes

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  • Martus, Bettina Szandra

Abstract

In the past three decades, jobless growth has been indicating a significant change in the structure of employment. Economic growth is continuous and ongoing; however, the organisation of work, production and structural impacts result in new systems, which in turn decrease employment in the long run. Can the impact of structural changes be observed as a result of the 2008 economic crisis? In my study, using the example of the United States, I will illustrate, with the help of empirical data, the main economic processes which contribute to the sustainment of jobless growth. My research analyses the 2001–2014 period in a quarterly breakdown, using 19 variables. For the sake of easier analysis, I organised the variables into principal components, examined the pre-crisis and post-crisis medians of the artificial variables, and then applied the multivariate regression model, which made it clear that in the United States, structural factors have considerable impact on the development of the employment level and economic growth.

Suggested Citation

  • Martus, Bettina Szandra, 2016. "Jobless Growth: the Impact of Structural Changes," Public Finance Quarterly, Corvinus University of Budapest, vol. 61(2), pages 244-264.
    • Handle: RePEc:pfq:journl:v:61:y:2016:i:2:p:244-264
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    File URL: https://unipub.lib.uni-corvinus.hu/8815/
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    Citations

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    Cited by:

    1. Vogel, Jefim & Guerin, Gauthier & O'Neill, Daniel W. & Steinberger, Julia K., 2024. "Safeguarding livelihoods against reductions in economic output," Ecological Economics, Elsevier, vol. 215(C).
    2. Mindaugas Butkus & Laura Dargenytė-Kacilevičienė & Kristina Matuzevičiūtė & Dovilė Ruplienė & Janina Šeputienė, 2024. "When and for Whom Does Growth Becomes Jobless?," Economies, MDPI, vol. 12(1), pages 1-21, January.
    3. Selda Gorkey & Asli Tasbasi, 2023. "Employment Intensity of Economic Growth in Southern Europe: Evidence from Multidimensional Panel Data," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 25(1), pages 5-32, June.
    4. Romanus Osabohien & Oluwatoyin Matthew & Precious Ohalete & Evans Osabuohien, 2020. "Population–Poverty–Inequality Nexus and Social Protection in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 151(2), pages 575-598, September.

    More about this item

    Keywords

    jobless growth; structural impact; employment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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